Evening Star Newspaper, October 15, 1923, Page 28

FINANCIAL. THE EVENING STAR, WASHINGTON, D. €, MONDAY, OCTOBER 15 7923.° FINANCIAT. LOCAL WHOLESALE MARKET. jturkeys, per Ib., 38240; keats, young,|1.25a2.50; half bushel basket, 76a |nearby, 1.50a2.00 per bbl. Eggplant, per | SAIINIUN Fi | : ; Lo ) £|First Mortgage Loans| Money tc Loan Eggs—Strictly fresh, selected. can- . 1.20. Grapes, Concord, ty- rate, 75a1.00. Tomatoes, half bushel |= & | dled vor dosen, 42 average recelnts. | L 3 Basket, 1oa1.00; tworquart, basker. Soa | basket, Rearvy, oats, - Beans, 5.0 != Continental Trust Company Z |towest Rates,_of Intersst and Commission, | ¥\ ) cials | 38; storage, 3iads. o g 3 : 30; Colorado Lopes, standards, 1.00a[6.00 per bbl. New York celery, per| 7 = Pt Zction e by first deod of trast on real estate. ve poultry-—Roosters, per 1b., 18; X 2. ats, 50a75, crate, washed, 4.00a5.50; in rough, 3.00 c.‘,“d ‘Thomas J. Fisher & Company, Inc. 'S interest and commisslon. | turkeys, per 1b., 36; spring chickens, | 14. Live pigs, 3. Vegetables—] 2.00a3.00. P e 788 15th Street | Jose 420 Wash. L. &. Trust | per Ib..’ 26a27; Keats, young, each, 50a | hogs, per Ib. 8% PR S R e T L L R o O et 2 One Million Dollars |Joseph I Weller £, Was, I, & Teun fowlw, per Ib.. & Green fruits—Apples, new, per bas- | r. £ | ; i1 spring_ chickens, per Ib., 33a35; roast- e 5.0046.60; Florida. 3.00a6.00. | Gotatoes, 3.0043.50 por Lbi. " New Fork |auare, G0ait; New . York cuoumbers, | gy i ers, per Ib., 30a35; hens, per Jb., 30a32; [ Lémons, per box, 4.00a5.00. pe- | lettuce, ‘per crate, 1.50a2.00. Cabbage, | per bushel. 3.00a3.00. Sugar corn, per | ey | fruit, 4.00a5.00. Peaches, per basket, northern, 2.00a2.25 per 100 pound: dozen, 15a30. . ! : Co-Operative Building ||/ H . Six-and-a-half _ ‘ retive ipuilding | || National Mortgage & Investment Corporation Ce d WHEN a strong bank pursues a steadfast course of sound | 811 Vermont Avenue N.W. Per nt an fmar}ce for_ many years it is proof that the men responsible 2 1 for its guidance are possessed of integrity and foresight. ! Deals in the Best Real Estate Securities Safetv Such men are perhaps the greatest guarantee of all that the bank Save While You Ha Fitotiand Seead Tost Notas and Wi ) 3 will ‘continue to prosper and to serve well the interests of its e e h Receipt : lsas‘:d“ "; i . customers. the oppom i ouse Receipts are purc! at fair rates \Whether you can get this OFFICERS el i Its 7% First-Mortgage Notes rate of interest and be cer- i e Subscription for the District_of Columbia Real E tain of the safety of your ¢ e | 85th Issue of Stock INVESTMENT. Offered in_denominations principal, depends entirely . Cercoran Thom, Howard S. Reeside, B. F. Saul, Howard Moran ¥ Being Recetved from $250.00 UP. upon who and what are Secrntaky) Jnines X (Haet Treasurer, Charles E. Howe Shares, $2.50 Per Month ')'lck Of the ill\'estme!lt Trust Oficer, Alfred B. Leet Real Estate Officer, William L. Beale g ; : Anststant Secretary, Martin R West EQU[TAQLE BUILDING The Ansintant Trust Officers i 915 F St. N.W. ~ ® o 2 David N. Houston, T. Stanley Holland, Kenneth ¥. Brooks, Y S First J. Eliot Moran, Arthur G. Nichols 2 ‘|| 30BN JoY EDSON. Prestdemt ||/ Dean onathla @ Co Mortgave Ansistant Treasurers IS EANI s REESIRILY ove 9 L] b o 5 William W, Keek, Main Office John L. Fugitt, Main Ofice 1ldi; Notes we arc ofiering at this rate of interest not only | Edward E. Swan, Central Branch Hanx W. Ireland, Central Branch “Wh Stock Exchange Building are ample security for the loans, but are backed by our | Richard E. Harris, Southwest Perey C. Brady, Gentral Branch i en” You Buy New York Sisscur! e | Harry P. White, Northeast Jamex C. Dulin, jr., Main Ofice | roperly Placed own conservative appraisals. Ansistant Auditor, John E. Benton - 4 : STOCKS COTTON Let Our Mortgage Dept. Explain DIRECTORS i - 7% GRAINS Thss ety . : COFFEE Chmcin 3 el S . oward & Hevstde | First Mortgage Note o . . John C. Boyd Gilbert H. Grosvenor B. F. Saul i 6 yon thought what advantage you ||| SHANNON & LUCH L;l e W Brevs 3.5 Meaaeh Witliam E. ouer ather marketed securities? | st MEMBERS A H Albert Carry Joseph Leiter James F. motes whers sou sre sbeolutely secared || New York Stock Exchange N. Y. Cotton Exchange 713 14th St. N.W Main 2345 Willlam M. Coates G. Perey McGlue - Charles A. Spaulding [l Nsive yous tncomo o ths Gatardas? Mo . Chicago Stock Exchange (;h‘c"‘a{” Board of Trade { 4th St N.W. 4 Willlam S. Corby Edward B. McLean Corcornn Thom {] where in the investment field has such a || New York Curb Market N. Y. Produce Exchange Willlam W. Everett Howard Moran John F. Wilkins e b e Minneapolis Chamber of Willlam J. Flather, jr. Clarence F. Norment Clarence R. Wilson ges, boa e : Commerce M. G. Gibbs : || simeie pemm i’ i rincisai’or WASHINGTON OFFICE ADVISORY BOARD OF HOME SAVINGS BRANCHES "’°‘*§,“3; °;,;"‘,“°"‘$'5':‘,‘;,“,‘," < Al Main Floor, Woodward Building William E. Bradley Charles M. mett Full_particolars apply Mr. 0'Donnell, Phone Main 2040 William H. Butch J. P. Herrmann e INVEST IN WASHINGTON Alexander S. Clarke Peank A, Johnsos ¢ = ai’.’f'Ag"b_ SAGER | JOHN CAL,Ii::;.g;LAI:GHLlX CHARLES R. ALLEY George L. Dant C. D. ¥. Kattelmann ! 924 14th St. N.W. Spi e Anthony Gaegler G. Percy MeGlue John Shughrue Horatio A. Garren Willlam Willer Alexander J. Taylor Jol iefer Howard Moran Henry Wah! James C. Nealon George M. Yeatman ; . ! Every Banking Service Every dollar you put in & ) COMMERCIAL FIRST MORTGAGES i PREFERRED STOCK, BEARING —secured on improved .\\'nalnngtun 3% ON SAVINGS i 878 COMUEATRVESDIVIDENDS Real Estate increases the prosperity L TRUST, S e e /&MIERI[CAN SECURIT JOHN H. WILKINS COMPANY any time see the security you have S Sa This Company is a corporation under the laws of the State of Dela- i . tor .‘"lff money. AND TRUST C OMPANY o ware with authorized capitalization of 5,000 shares of Preferred stock Centnry z 3 of $100.00 par value and 5,000 shares of Common stock without par or Without Let us submit you investments to 15th and Penna. Ave. i nominal value. suitiyeur fequizements Capital and Surplus, $5,400,000.00 | Dividends of a a Loss 2 Dividends_have been paid regularly and cohtinuously to stockholders since the date of original BRANCHES incorpora(}iun(;ix vears ag(i—atr)glxgdrat{le odf elightd(S)dpcr cent on the Preferred stock, and ten (10) per ~ i - e & T cent on the Common stock. ividends declared and paid semi-annually upon both issues. Central: 7th and Mass. Ave. N.W. The Company's carnings have been four times the Preferred stock dividend requirements of B F‘ SAUI: CO Northeast: 8th and H Streets N.E. ‘ eight per cent (8%). Southwest: 436 7th Street S.W. Main 2100 1412 Eye St. Nw. || Northwest: 1140 15th Street N.\V. Pissonne. of Sussse HE COMPANY offers to its customers, the consumers of its products, and the general pub- T I an opportunity to participate in the carnings of the most progressive jobbing, stributing and manufacturing business in food products on the South Atlantic seaboard. The business was begun approximately a quarter of a century ago by John H. Wilkins as a small retail store and coffee roasting establishment at 1921 Fourteenth Strect Northwest, Wash- ington, D. C. —_— = = i It was continued as a retail business during fifteen years of rapid growth and was grad- ually expanded through the furnishing of supplies to grocers, hotels, cafes, bakers, and confection- i ers. This wholesale business developed so rapidly that in 1917 the John H. Wilkins Company, a M0ney to Loan corporation, was organized with an office and warchouse at 1823 Fourteenth Street Northwest. That same year, those quarters were outgrown and a warehouse was leased at 5 3 Rhode _on improved D. C. property | New Issue ¢ Island Avenue Northeast. The business grew steadily and required more space. In 1910 a new at prevailing rates of interest. H and modern warehouse, adjoining the one leased, was erected by the Company, so that the i B ! Present quarters extend from 519 to 557 Rhode Tsland Avenue Northeast. Direct private railroad See Mr. Field | Exempt from Federal, State, Municipal and Local Taxation siding facilities immediately in the rear insures rapid and economical transportation of supplies. Hedges & Middleton, Inc. | The Company has once more outgrown its quarters as well as its capital and this offer of 1334 H ST.NW. | s47 000.000 Preferred Stock is for the purpose of enabling it_to continue its expansion. It has grown from . ’ s : a comparatively small store to what is now by far the largest wholesale food product estab- lishment in this section of the country. | Ten-Thirty Year 3 Business of the Company Federal I and Bank 4;% Bonds The Company owns free and clear of encumbrance a large modern warehouse with private . railroad trackage, covering the premises known as 525 to 531 Rhode Island Avenue rtheast, and First Mortgage Loans | immediately adjacent thereto unencumbered real estate on which to build its new building; and “"FOR SALE Dated July 1, 1923 Due July 1, 1953 still operates the warchouse at 519523 which immediately adjoins the property which it owns. Not redeemable before July 1, 1933 * The warehouse owned by the Company is completely and efficiently equipped with the most modern machinery obtainable. The coffee plant has a capacity of 25,000 pounds daily and it is jent Amounts ok here that the highest grade of coffee is blended, roasted and packed. In Conveni Interest payable January 1 and July 1 at any Federal Land Bank or Federal Reserve Bank. Principal payable at the g idialic falprisitinG: Dl {Ei6E (Helnroduon GHaIIDT Tt i fer et ter wisediy tHe\Goti- 1/0/ i Bank of Issue. Coupon and registered bonds (intercbangeable) in denominations of $10,000, $5,000, $1,000, any, including circulars and catalogues which are distributed to the trade. at 612% interest . $500, $100 and $40. Redeemable at par and interest at any time after ten years from date of issue. wilh 5 “A fleet of twenty motor trucks is owned and kept busy supplying a population of approxi- Secured on Improved Properties mately 750,000 people in the District of Columbia and adjacent Maryland and Virginia. —_— The Company supplies bakers, confectioners, hotels, restaurant, ~government institutions, railroads, grocers and general stores with imported and nationally known food products, sugar, JAMES F SHEA ¢ The Supreme Court of the United States has upheld the constitutionality of the Act creating ! coffee, tea, spices, flavorings and canned goods of every description, but handles no meats nor = ! the Banks and exempting these Bonds from Federal, State, municipal and local taxation. fresh vegetables. Its business extends through the District of Columbia, Maryland, Virginia, 643 Louisiana Ave. N.W. : West Virginia and North and South Carolina. IS0 S oy ] = — It is the owner, producer and distributor of “Wilkins Coffee,” which is_steadily increasing in popularity and is now one of the largest selling coffees in this section. The name “Wilkins” as applicd to food products is copyrighted, and there is a large demand for other products packed under that name, Operation: Infive and one-half years of active operation the 12 Federal Land Banks have been built up until on August 31, 1923, their Capital was $41,113,530; Reserve, $4,050,500; Surplus and Undivided Money to Loan Profits, $3,278,177; and Total Assets, $827,744,341. All twelve Banks are on a dividend paying Finances ReaeANY AMOUNT basis and every bank shows a surplus earned from its operations. The Company’s accounts have been regularly audited rter-year by Wm. Gordon Trade Acceptances, — 2 . | Buchanan & Company, Public Accountants, Washington, D. C. . Warchoune Recelpis, Acceptable by Treasury: ~These Bonds are acceptable by the United States Treasury as security for | A complete statement of_the Company’s excellent financial position, according to the Pub- Manafacturers’ Acceunts, Government deposits including Postal Savings Funds. ; lic Accountant's report, as of June 30, 1923, will be gladly supplied upon request. Mortgages A -, . A'."EE:: Fino:nc 'c . Legal for 1;'":11 Ftfitdndc: ’rhedl?edcnl Farm Loan Act provides dntf the Bands shall be lawful invest- : Depositories mern nance Lorporation ments for all fiduciary and trust funds under the jurisdiction of the United States Government. . Riggs National Bank District National Bank Commercial National Bank Commerertl Nativanl ank Bis 2 They are eligible under the laws of many of the States for investment of all public and private r S e Munsey Trust Company Liberty National Bank & funds and have been held eligible for investment by savings banks in 37 States. N Legality of the Issue The United States Government, as of September 30, 1923, owned approximately $2,400,000 of the The legality of the issuc has the approval of the Company's General Counsel, Walter B. capital stock of the Federal Land Banks. The Farm Loan Associations, during the year 1922, acquired Guy, Attorney at Law, Washington, D. C, approximately $8,500,000 of Federal Land Bank stock, 25% of the proceeds of which was used to retire stock owned by the Government, as required by the Farm Loan Act. The United States Treasury has ! Management By Radio purchased .ndhll“" holds o;er $100,000,000 Fede?l ‘l:‘nao&nk Bonds. Whilehthese Bonds are not . “__“(Thc affairs of this company are under the direct management of the President, John H. Government obligations, and are not guaranteed by vernment, they are the secured obligations { ilkins. " = s = = R % = The following compose the Board of Directors and officers of the Company: Daily at 10 o'clock from Ra ::e BanGoh operating under Federal charter with Governmental supervision, on whose boards of direction 0 z i ) il ; dio Corporation of America, vernment is represented. 5 . i John H. Wilkins, President Walter B. Guy, General Counsel Station WRC, the latest quo- i 2 | John H. Wilkins, Jr., Vice President Louis R Peak, : Etions oillhe bt Ty 3 Teon S Uloun, Pacs Predient Sceretary of the Corcoran Fire Insurance Co. Biites by privstc wike baie At the request of the Fedoral Farm Lean Beard in cc-operation with ‘Manager, Holmes & Son, Bakers o T A New_ York. Special phone, and on behall of the Federal Land Banks, we offer these Bends ats L. Frank Archambault, Secretary e t gnee Foreign Department, M. 8222, A i Robt. H. Clark, Treasurer. Yates P. Boswell The Washington Loan Price iOO% and Interest, to yield 434% 5 and Trust Company || : iy Price, $100.00 Per Share 300 F Street , Dividend accruing-immediately from date of issue 620 17th Stroet | Alex. Brown & Sons Harris, Forbes & Co. ‘ Sold Direct by the Company Brown Brothers & Co. Lee, Higginson & Co. The National City Company Guaranty Company of New York A Safe and Non-Speculative Investment JOHN H. WILKINS COMPANY 519-537 RHODE ISLAND AVENUE NORTHEAST WASHINGTON, D. C. ARNOLD AND COMPANY 'TED. .uoel.ron 2 Capital, $1,000,000.00 Real Estate First Mortgage Investments Eye Street NW, Fhone Main 2434 The stetements contsined harvin, whils met guarantesd, are baved upen infermation and advice which we believe t0 be accursie aad reliehle.